Bitcoin fights for local uptrend as US bond yields drop from new 24-year highs
US bond yields fell sharply around Thursday’s Wall Street open as Bitcoin price action sought to preserve a local trend of higher lows.
Bitcoin opened the new month with seesaw price action, hovering near $85,000 after hitting resistance above that level and finding support near $83,500.
Bitcoin enters its historically strongest month after a record-pace September, but a Fed hike and 5.3% Treasury yields are testing the bulls.
October 1, 2026, 5:11 pmU.S. bitcoin ETFs snapped a nine-session inflow streak on Wednesday with $148.69 million in net withdrawals, as selling spread across most major crypto funds. Ether, solana, zcash and HYPE ETFs also finished lower, while the newly launched NEAR fund was the day’s lone bright spot.
October 1, 2026, 5:05 pmUS bond yields fell sharply around Thursday’s Wall Street open as Bitcoin price action sought to preserve a local trend of higher lows.
Bitcoin's Q3 surge signals renewed institutional interest, but macroeconomic factors and ETF flows will be crucial for sustained momentum.
The Bitcoin price is into the tenth day of boring sideways consolidation. How much longer can this go on for? Whether it’s to the up or the downside, once this period of inactivity breaks it could do so in spectacular fashion. Watch out for the coming rally/collapse.
Ethereum sees stronger whale positioning as its Q3 rebound strengthens its lead over Bitcoin.
The bank has revised its 12-month target for BTC up from $82K, though it remains about 10% below Bitcoin's October 2025 record.
The Bitcoin Policy Institute (BPI) has invoked the option of a Congressional probe into MSCI and its listing standards for public companies after the index provider revived a proposal that would have cut corporate digital asset treasury firms Strategy and Metaplanet and placed Sharplink on a delisting watchlist.
The circulated proposal would give eligible dollar-stablecoin purchases no-gain/no-loss treatment without a stated value cap, while ordinary Bitcoin spending retains disposition reporting.
CryptoQuant reports Bitcoin's bull market remains intact with a Bull Score Index of 90 after closing above the 365-day MA, yet signs of cooling include record profit-taking and slowing demand.